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Ahmedabad's First IT SEZ to be Fully Operational in March 2011 The 3rd Eye Voice IT SEZ, city's first IT/ITES special economic zone (SEZ), is all set to become operational in March 2011. Already around 100 small companies functioning from different locations under Software Technology Park of India (STPI) scheme are planning to shift into the upcoming Rs 550 crore project. Another two city-based companies, Elitecore Technologies Limited and Hi-Tech Outsourcing Services are also moving part of their existing business into the SEZ. |
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Bangalore Based Embassy Property Developer to Raise 2400cr through IPO
Bangalore-based real estate developer Embassy Property Developments (EPD) today said it will raise Rs 2,400 crore through an initial public offer. The company filed the draft red herring prospectus with the market regulator SEBI in July this year, and is now awaiting a nod, Embassy Property Development (EPD) Managing Director Jitu Virwani told reporters. We expect the IPO to hit the capital markets by this month end, he said.
Govt to Keep Tight Vigil on End Use of FDI Inflows
Sunteck Realty Announces Launch of Luxury Residential Tower
Sunteck Realty, one of Mumbai's premium based a real estate developer, has announced the launch of a brand new luxury residential tower - Signia High. Located in the heart of Borivali (East), the highly acclaimed Signia High project is set to redefine high end living for the residents of western suburbs.
Agni Property Raises USD 12 mn Via Minority Stake Sale
Real estate brokerage firm Agni Property today said it has raised USD 12 million (around Rs 53 crore) by selling minority stake to venture capital firms Foundation Capital and Helion. US-based Foundation Capital and domestic firm Helion have invested USD 6 million each in the company, Agni Property Managing Director Samarjit Singh told reporters here.